O’Reilly Automotive (NASDAQ:ORLY) Rating Increased to Strong-Buy at Roth Capital

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by stock analysts at Roth Capital to a “strong-buy” rating in a research report issued on Tuesday, Zacks.com reports. Roth Capital also issued estimates for O’Reilly Automotive’s Q3 2024 earnings at $11.08 EPS, Q4 2024 earnings at $10.11 EPS, Q1 2025 earnings at $10.66 EPS, Q2 2025 earnings at $11.70 EPS, Q3 2025 earnings at $12.35 EPS, Q4 2025 earnings at $11.20 EPS and FY2026 earnings at $53.46 EPS.

ORLY has been the subject of a number of other reports. Truist Financial lifted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Monday. Wedbush reiterated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Royal Bank of Canada dropped their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. DA Davidson raised their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,206.87.

O’Reilly Automotive Stock Up 0.7 %

Shares of NASDAQ ORLY opened at $1,198.90 on Tuesday. The business has a 50 day moving average price of $1,138.75 and a two-hundred day moving average price of $1,077.71. O’Reilly Automotive has a fifty-two week low of $860.10 and a fifty-two week high of $1,221.05. The firm has a market cap of $70.61 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the firm posted $10.22 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts anticipate that O’Reilly Automotive will post 41.1 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares in the company, valued at $296,800. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds have recently modified their holdings of ORLY. Trifecta Capital Advisors LLC boosted its position in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the period. Rise Advisors LLC acquired a new position in shares of O’Reilly Automotive in the first quarter worth about $36,000. Indiana Trust & Investment Management CO boosted its holdings in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the period. Riverview Trust Co purchased a new position in shares of O’Reilly Automotive in the first quarter worth approximately $41,000. Finally, Crewe Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at approximately $43,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.